Abano Healthcare to acquire 1300Smiles

On 24 August 2021, 1300Smiles announced that it had entered into a Scheme Implementation Agreement with Adams Aus Bidco Pty Limited (Abano Bidco), a member of the Abano Healthcare Group, under which Abano Bidco has agreed to acquire up to approximately 84% of 1300Smiles by way of a Scheme of Arrangement.

The acquisition is subject to a number of conditions, including shareholder and regulatory approvals.

Please find relevant ASX announcements and other documentation below:

Investment with 1300SMILES

1300SMILES Ltd was listed on the ASX as ONT in March 2005, and marked its amazing 10 year milestone with celebrations in March 2015.

The number of practices 1300SMILES Ltd has acquired and grown, with additional acquisitions forming part of the company’s short and long-term future growth plans across Australia.

The success we have achieved over the past 10 years is reflected in the share price, which has risen from 0.80 cents per share at listing to over $6.70, delivering compound annual growth of 22.3%.

Asx As Ont

1300SMILES Ltd owns and operates full-service dental facilities at its sites in the ten major population centres in Queensland, New South Wales and South Australia. The company continually seeks to expand its presence into other geographical areas throughout Australia. It does so both by establishing its own new operations and by acquiring existing dental practices. The administrative and corporate offices are in Townsville.

1300SMILES Ltd enables the delivery of services to patients by providing the use of dental surgeries, practice management and other services to self-employed dentists who deliver their services from 1300SMILES Ltd dental practices. The management services provided by the company support the dentists to focus on the delivery of dental services rather than on the administrative aspects of operating a business. The dentists pay fees to the company for the provision of these services under a Dental Service Agreement with the company. In some circumstances the company also employs qualified dentists so there is always someone available to take care of your oral health needs.

The dentists who use the company’s services range from new graduates to highly regarded experienced dental professionals. Several dentists who use the company’s services have special interests and experience in such areas as endodontics, oral surgery, implants and periodontics and cross-refer work to other dentists who use the company’s services.

The company provides comprehensive services in the areas of marketing, administration, billing and collections, and facilities certification and licensing to all participating dentists. The company also provides all support staff, equipment and facilities, and sources all consumable goods using the buying power which derives from such a large group of dental businesses.

Our Corporate Headquarters are in Townsville, North Queensland co located with our Business Support Unit.

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